Chinese quant hedge funds embrace AI tools like ChatGPT amid global frenzy following the release of Microsoft-backed OpenAI chatbot. With a challenging investment environment in China’s $3 trillion private fund industry, quants rely on advanced AI for decision-making. Steve Chen, partner at MX Capital, highlights ChatGPT’s ability to analyze complex networks and states that their focus is on exploring its potential. Chen’s hedge fund already utilizes ChatGPT to understand company fundamentals, avoid value traps, project earnings, and identify investment opportunities and risks.
Read more at Reuters
Summary
Article Name
Chinese Quants Ramp Up AI Investments Amid ChatGPT Craze
Description
Chinese quant hedge funds embrace AI tools like ChatGPT amid global frenzy following the release of Microsoft-backed OpenAI chatbot.
Author
Susan Jane
Publisher Name
Reuters
Publisher Logo
